Liverpool-based specialist cleaning company Proventec has published preliminary results for an 18-month trading period.
The firm reported a pre-tax loss of £23m for the 18 months to September 30, against a £28.6m loss for the 12 months to March 31, 2009.
Gross profit for the period was £8.7m against £6.6m for the 12-month period.
Last week Proventec wasreadmitted to the Alternative Investment Market (AIM), following a six-month absence.
The Rodney Street-based company’s stock was suspended after the breakdown of refinancing talks.
But it has agreed a debt for equity swap with major shareholder InnoConcepts NV, which led to readmittance of its shares
Chief executive David Chestnutt said: “The recent, successful restructuring of Proventec’s finances marks the conclusion of a turbulent year for the group.
“The strengthened balance sheet and the disposal of two non-core businesses puts Proventec in a much stronger position.”
